VMS Ventures looks to identify four Stockhouse users

2012-08-31 12:53 ET - Street Wire

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by Mike Caswell

VMS Ventures Inc. has filed four petitions in the Supreme Court of British Columbia looking to identify Stockhouse users the company claims were behind a series of false and malicious posts, including one that said the company was a "classic pump and dump" and another that said management was "shagging sheep." The users were all heavily critical of management and some accused insiders of manipulation. VMS is seeking court orders that will compel Stockhouse to provide identifying information for the posters.

The petitions, filed at the Vancouver courthouse on Wednesday, Aug. 29, complain about material that appeared between October, 2010, and June, 2012, in the company's forum on Stockhouse. The first petition targets a user who posted under several variations of the alias "axeman." The company claims that he accused management of insider trading and market manipulation.

VMS VENTURES

John Roozendaal

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"left readers with the impression that members of management were "clowns" and were intentionally mismanaging corporate opportunities."

That's only an assumption that readers are "left with the impression".

In real life, sometimes companies can't take advantage of opportunities for various reasons and it can be frustrating for shareholders and management alike.

Posted by Leo at 2012-09-04 08:52

One look at their chart and the word..."pratfall" comes to mind. Voicing my impression of their chart, does that give the Chubmeister the right to sue me? And if not, why would the man with a skin thinner than America's anti-American president spend shareholder money on what some people would call a frivolous law suit. A diversion? And if actions such as this are not a diversion, what are they? It is not my fault that "pratfall" is a term that some would consider part of the world of circus clowns.

Posted by Da Crusader at 2012-09-04 10:50

I have seen comments by Tameracker or whatever pseudonym he uses. While not friendly to the company on all counts he did identify himself as a shareholder who chose to buy/sell on occasion. He did mock comments such as "building shareholder value" made by management and identified certain other board participants as employees of the company. What is unusual about this is that he was quite correct in prognosicating share price values (lower)and suggested that, based on decisions made by the company, could only move in his perceived direction. As a shareholder, I must say that I too am very unimpressed by the current performance of the companys' share price. I have been a shareholder for years and fail to see any value/return on my investment. Is it not the right of a disgruntled shareholder to express his/her opinion? And what about those participants who heralded "greater things to come". Are they not responsible for faulty and misinformed opinion? While malicious slander is unacceptable, I fail to see the benefit of a "witchhunt". Tamer... should apologize on the bullboard and that will be the end of that. Spending time and money on this is ridiculous. I held my shares and was not influenced one way or the other by naysayers or die hard believers. To me, this is just a waste of time!